Nonfarm productivity rose 1.9% in Q4 2018 after increasing 2.3% in Q3. Analysts had predicted a smaller increase by 1.5%. (Event A on the chart.)

Initial jobless claims edged down a bit to 223k last week from the previous week’s revised level of 226k, whereas specialists had expected them to be basically unchanged. (Event B on the chart.)

Consumer credit rose by $17.0 billion in January, exceeding the average forecast of a $16.4 billion increase. The December increase got a negative revision from $16.6 billion to $15.4 billion. (Event C on the chart.)

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